Airtel Africa has acquired 5G spectrum capacity in Nigeria, one of the region’s largest economies. The news, announced by the company this week, means that Airtel will become just the third network operator that has been issued a 5G license by the Nigerian Communications Commission...
Recent Big Tech moves highlight advancements in the design of augmented reality (AR) glasses. While the concept has been around for a while — it’s been about a decade since Google Glass first gave AR glasses mainstream attention — Meta’s move to snap up the...
Beyond convenience, there are major safety advantages to a cashless society. Proponents of cashless transactions and electronic money have often pointed to the risk of violent crime associated with storing and transporting large volumes of cash as an argument for reducing its presence in the...
Pending U.K. legislation could boost small businesses’ access to the government’s massive pool of procurement money. The Procurement Bill is designed to make it easier for small- to medium-sized businesses (SMBs) to capture more of the country’s $366 billion the government spends on goods and...
The U.K. is upgrading its instant payment system to incorporate a modern ISO 20022-compliant architecture. Known as the New Payment Architecture (NPA), the initial plan is to upgrade the existing Faster Payments real-time rails, with an option to include the older Bacs system in the...
The U.K. pensions dashboard program has been delayed by technical setbacks. The nation’s Money and Pensions Service (MAPS) has fallen behind schedule with its pre-launch testing, according to a Tuesday (Dec. 3) report from The Times. Although there has been no official announcement on the...
The growth of business and consumer lending in the eurozone slowed in November. According to the latest figures from the European Central Bank (ECB) published on Thursday (Dec. 29), the annual growth rate of adjusted loans to nonfinancial corporations decreased to 8.4% in November from...
The Ukraine economy is beating expectations nearly a year into the war. The country’s economic growth is expected to level off or even grow as much as 1% in 2023 after dropping 30% this year, Bloomberg reported Tuesday (Dec. 27). In addition, the inflation rate...
Trade finance firm Afreximbank has allocated $1.5 billion to help Caribbean countries access its services. The Cairo-based company announced the arrangement Monday (Dec. 26), saying it followed the addition of nine Caribbean countries to its Afreximbank Partnership Agreement at the first Africa-Caribbean Trade and Investment...